BuyMyPlace.com.au Limited (ASX:BMP) signed a conditional agreement to acquire MyPlace Conveyancing Pty Ltd from Robertson Hyetts for AUD 0.4 million on July 20, 2017. Under the terms of the deal, purchase price comprises cash payment of AUD 0.15 million and AUD 0.1 million worth of fully paid ordinary shares of BuyMyPlace.com.au Limited subject to a 12 month voluntary escrow from the date of issue, earn out of up to AUD 0.15 million worth of fully paid ordinary shares of BuyMyPlace.com.au (earn out shares). The issue of the earn out shares is subject to certain performance hurdles being satisfied. The cash component of the acquisition will be funded from BuyMyPlace.com.au Limited's existing cash reserves. As of July 28, 2018, BuyMyPlace.com.au Limited issued 0.58 million shares as consideration. Completion of the transaction is conditional upon a number of conditions precedent being met, including but not limited to, the execution of a management services agreement, deed of assignment and release, and sub-lease. Completion of the acquisition is expected to occur in July and is 7 days after the fulfillment or waiver of the conditions precedent. The acquisition is expected to be earnings and cash flow positive for BuyMyPlace.com.au Limited in fiscal year 2018. BuyMyPlace.com.au Limited (ASX:BMP) completed the acquisition of MyPlace Conveyancing Pty Ltd from Robertson Hyetts on August 1, 2017.